If you're looking for someone to go into a company and analyze and verify assets, books and records, and processes, you're looking at a range of $3,500 to $5,000 for a finished product. The finished product is a report that provides you with an evaluation of assets, including A/R (trends, turnover, dilution, concentrations, collections process and any shortfalls), inventory (test counts, turnover, slow-moving or obsolete), A/P (A/P turnover, relationships with vendors, esp vital vendors, concentrations & alternatives), and adequacy of accounting system and division of labor of same. Lenders when using any of the assets of the business as collateral will require this field exam to be done anyway.
If you're simply looking for a business appraisal, the cost can range from $5,000 to $15,000.
You may want to consider working with an entity like our firm to help coach you through issues such as these. We're a commercial loan broker firm that provides packaging of loans and placing them with the appropriate lenders. But we also consult throughout the entire transaction process and provide the field exams for companies for which you requires an indepth analysis.
Ultimately, we get our clients lender-ready, and deliver a commitment from a bank or lender from our established lender network. We are staffed with former commercial lenders who know how to structure loan requests and how to negotiate with banks to obtain the most favorable terms and conditions. Our lender network consists of banks and lenders nationwide, including banks that do nothing but SBA loans. Because we know their cultures, their interest (or non-interest) in particular industries, and their specific risk appetite, we can quickly identify the most appropriate lender and obtain the needed loan approval on your behalf.
Check out our website, and then call us when you are ready for financing.
Terri B. Wyzkoski
Business Lending Solutions LLC
11654 Plaza America Drive #363
Reston, VA 20191
Direct: (703) 655-9939
"Your Financial Solutions Provider"